FY17 Closeout Update As of March 31, 2017 2017 Preliminary General - - PowerPoint PPT Presentation
FY17 Closeout Update As of March 31, 2017 2017 Preliminary General Fund Results 2017 Adopted Variances 2017 Actuals* Budget w/Budget Revenues $ 194,044,842 $ 187,111,305 $ 6,933,537 3.7% Expenditures 183,838,714 188,894,830
As of March 31, 2017
2017 Actuals* 2017 Adopted Budget Revenues 194,044,842 $ 187,111,305 $ 6,933,537 $ 3.7% Expenditures 183,838,714 188,894,830 (5,056,116)
10,206,128 $ (1,783,525) $ 11,989,653 $ *Preliminary, unaudited figures as of 4/9/2018 Variances w/Budget
$2,484,099
$1,323,116
$ 613,697
$ 502,694
$ 494,976
$ 493,664
$ 463,561
$1,407,019
$ 624,506
$ 867,221
$ 545,003
$ 377,874
$ 360,290
$ 193,772
$ 180,413
FY17 Projected Surplus (10,000,000.00) $ Proposed Uses of FY17 Surplus Transfer to Reserves/General Fund Balance 2,500,000.00 $ Cultural Arts Center 2,000,000.00 $ Montgomery Street Redirection- No Bond 1,000,000.00 $ Revenue Dept Relocation 500,000.00 $ Facility Repairs and Improvements 800,000.00 $ MPC Agreement Amendment 200,000.00 $ Fairgrounds - Pay off Debt Service 1,400,000.00 $ IT/Malware Equipment Recovery 500,000.00 $ City Facilities Relocation Contingency 100,000.00 $ Pay/Class/Comp Study related to Reorganization 300,000.00 $ Rental and Early Replacement of Backhoe - Cemeteries 100,000.00 $ 1-Time Performance Increase for Employees (1%) 600,000.00 $ Total 10,000,000.00 $
FY17 Closeout - Budget Amendment
The above plan will be enacted through the FY17 Budget Amendment and the FY18 Budget Amendment.